🚨 $RIVER Bearish Volatile Correction
Recent K-line data shows significant volume spikes during price declines, indicating selling pressure. However, volume has decreased in the latest candles, suggesting a potential slowdown in bearish momentum.
Capital Flow: Contract net inflows are negative over 4H (-13,6M) and 2H (-7,6M), indicating short-term selling pressure. However, longer-term inflows (3D: 110,5M) suggest underlying bullish interest.
Entry short $RIVER Consider short positions near the resistance level of 31.67 USDT or on a breakdown below the immediate support of 20.25 USDT . Alternatively, wait for a pullback to the 27.0–28.0 USDT area for a better risk-reward short entry.
Stop-Loss: Set at 32.5 USDT (3.5% above the entry price if shorting near 31.67)
Target Price $RIVER : Aim for 20.25 USDT (Support), the next target is 16.13 USDT (next support)